Roblox Corp (NYSE:RBLX) stock plunged after it reported fiscal first-quarter 2024 bookings growth of 19% year-on-year to $923.80 million, beating the analyst consensus estimate of $922.98 million.

Roblox bookings rise to $923.8M, surpassing estimates: Stock nears 52-week low despite fiscal growth. Roblox user engagement grows: DAUs up 17% with 16.7 billion hours engaged, stock falls sharply.

(Reuters) -Roblox forecast annual bookings below estimates on Thursday, sparking fears that growth at the videogame platform was slowing after years of breakneck progress, sending its shares down 17%.

Roblox Studio head Stefano Corazza has opened up about accusations of young developer exploitation on its platform, saying that the opportunity Roblox gives its teenage creators is “a gift." Roblox ...